Blog

Explore our blogs for the latest insights, tips, and best practices in third-party risk management. Stay informed and protect your organization by navigating the complexities of third-party relationships with confidence. Read on to enhance your risk management strategy!

Best Practices

Framework for Managing Third Party Reputation Risk: Identifying, Assessing, Reporting, Mitigating, and Monitoring

An organization that actively builds and maintains a positive reputation gains a competitive advantage and improves its credibility if an event occurs that impacts that reputation. This paper lays the groundwork and helps stimulate thought around managing reputation risk, providing...

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Risk Landscape

Data Privacy Roadmap: Where We Are, Where We’re Headed, How We Can Get There

Since the introduction of the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), data privacy has become an essential aspect of Third Party Risk Management (TPRM). With constant changes in data privacy regulations, staying up-to-date with...

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Framework, Industry Guidance, and Regulations

New Integrated Third-Party Risk Management Guidance from the OCC, Federal Reserve, and FDIC

Regulators have developed “principles-based guidance that provides a flexible, risk-based approach to third-party risk management that can be adjusted to the unique circumstances of each third-party relationship.” On June 6th, less than 20 months after comments closed, the Federal Reserve,...

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Best Practices

Third Party Focused Ransomware Strategy: An Enterprise-Wide Collaborative Strategy Guide for TPRM Professionals

While excellent ransomware guides and tools exist from various sources, our new guide (Third Party Focused Ransomware Strategy: An Enterprise-Wide Collaborative Strategy Guide for TPRM Professionals) and the related resources referenced throughout provide a Third Party Risk Management focused approach. The...

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Education

TPRM Fundamentals: Putting On Risk Management Shoes

“Put yourself in their shoes…” is a commonplace reminder to practice empathy. You must put on someone else’s shoes (and then walk a mile) to understand how someone thinks and to gain a sense of the landscape in which this...

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Framework, Industry Guidance, and Regulations

Coherent Corporate Sustainability Due Diligence and Reporting Frameworks Are Arriving In the EU…

and...Third Party Risk Managers Everywhere Should Pay Attention! Third-party risk managers should be paying attention to important ESG regulatory developments in the European Union, where two pieces of regulation became effective within the last month and one more may be...

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Cybersecurity, Risk Landscape

Identity Theft Awareness: Who Are You?

Have you discovered who you truly are? Did you take the Myers-Briggs? Do you know your sign? Abilities, attributes, and astrology be darned - to an identity thief, you just represent a unique set of numbers and the opportunity to...

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Shared Assessments

Shared Assessments Steering Committee 2023

Our UK / EU and US Steering Committees provide governance on Committees and Products development, help to set the annual agenda for the Shared Assessments program, and provide leadership for all major initiatives undertaken by the Shared Assessments Program Committees....

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Risk Landscape

The Road To A Risk Management Career

Andrew Moyad (CEO, Shared Assessments) recently sat down with Michael Crawford (Head of Operations, Opstream) to talk about his risk management career. This blog post presents outtakes from the interview, exploring Andrew's winding career path (along with a few laughs)....

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Tools and Products

2023 SIG Mapping to SCF’s Comprehensive Controls

Shared Assessments is pleased to announce that the Standard Information Gathering Questionnaire (SIG) 2023 mapping is now incorporated into the Secure Controls Framework (SCF) catalog of controls version 2022.3. This was a collaborative endeavor between Shared Assessments and the SCF....

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Risk Landscape

My Data Lies Over the Ocean, My Data Lies Over the Sea

Data zips across the Atlantic over submarine communications cables and pings across the sea to and from satellites at light speed. These transatlantic data flows are critical to the economic relationship between the United States and the European Union: The...

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Tools and Products

It’s Here! 2023 Shared Assessments Third-Party Risk Management Product Suite

Across the northern hemisphere, temperatures are dropping, trees are transitioning color, and the 2023 Shared Assessments Third Party Risk Management Product Suite has arrived with changes! Responsive to the regulatory and risk environment, enhancements to the 2023 TPRM Product Suite...

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